Overview

Description

Why enter another bidding war on a value-add MF development? Move Quickly to secure nearly 2 full acres in Downtown East Point. Parcel is flanked on 3 sides by major roads in the heart of Downtown – zoned as of right for MultiFamily and Mixed Use. Just 3 blocks from the East Point MARTA station, across Church Street from popular Resurgence Hall Charter School, this parcel is fully entitled! A Brand New Downtown Overlay District Zoning was codified in 2021 that allows up to 5 stories of MF or Mixed Use Units to be built as-of-right. Current structure must be demolished (cost of demo = approx. $40k). Sale comes with full entitlements, survey, Phase 1 & 2 Environmentals, Soil Survey; all the time-consuming due diligence is already done. Just get LDP/Site Plan/Building Permits approved and get busy converting this teardown into your desired new construction preferred use. Tri Cities is BOOMING – home values are up 22.4% in last 12 months vs +11.7% in FulCo and -0.7% in Metro ATL. 70 Walk Score, $50k Median Household Income, convenient to MARTA/Airport in Fulton County’s 6th largest City.

Highlights

• Lot Features: Other
• Number Of Buildings: 1
• Bathrooms Total: 0
• Documents Available: Other
• Cooling: Other
• Heating: Other
• Electric: Other
• Flooring: Other
• Construction Materials: Other
• Parking Features: Parking Lot
• Accessibility Features: None
• Security Features: None
• Buyer Agency Compensation: 2

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Listing ID: 7225946
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Location

Gallery